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AAA: Florida gas prices stabilize after another 13 cent jump

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Gas prices have been dragged higher by skyrocketing crude oil prices worldwide as global fuel demand is outpacing global production and supply levels

From AAA

Florida gas prices stabilized over the weekend after rising another 13 cents, last week. The state average now sits at $3.31 per gallon. That's a new 2021 high and the most expensive daily average price since October 2014.

Florida pump prices have climbed a total of 26 cents this month. So far this year, the state average has increased a total of $1.12 per gallon since January 1st. Florida drivers are now paying $1.23 per gallon more than this time last year, and 89 cents more than this time in 2019.

"Gas prices have been dragged higher by skyrocketing crude oil prices," said Mark Jenkins, spokesman, AAA - The Auto Club Group. "Crude oil prices have faced tremendous upward pressure because global fuel demand is outpacing global production and supply levels. Although oil prices increased again last week, it was by a smaller margin than the weeks before. Fortunately, gasoline futures held steady. So even if gas prices increase again this week, it shouldn't be as significant of a jump as what drivers have experienced so far this month."

The price of US (WTI) crude oil has climbed 76% this year; going from $47 per barrel in January to nearly $84/b last week. In October alone, oil prices have jumped 10%; rising from $75.88 to $83.76 per barrel. Friday's closing price of $83.76/b is $1.48/b more than the week before.

A rather uneventful week in the gasoline futures market is good news for motorists. Gasoline futures finished the week 1-cent lower than the week before. This is a positive indicator that retail pump prices could stabilize this week. Prior to last week, gasoline futures logged 12 cents gains in two consecutive weeks; and retail prices followed suit.

Apopka Prices

Price Station Address City
3.040 Sam's Club 1500 S Orange Blossom Tr Apopka
3.230 Wawa 449 W Main St Apopka
3.230 Chevron 454 W Main St Apopka
3.240 Shell 1500 N Wekiwa Springs Rd Apopka
3.250 BP 277 E MAIN ST Apopka
3.250 Wawa 1609 S Orange Blossom Tr Apopka
3.250 7-Eleven 1495 S Orange Blossom Trl Apopka
3.250 RaceTrac 700 S Orange Blossom Trl Apopka
3.250 7-Eleven 3830 E Semoran Blvd Apopka
3.250 Shell 4914 Rock Springs Rd Apopka

Apopka Gas Prices provided by GasBuddy.com

Regional Prices

Most expensive metro markets – West Palm Beach-Boca Raton ($3.46), Fort Lauderdale ($3.35), Port St. Lucie ($3.34)

Least expensive metro markets – Pensacola ($3.24), Jacksonville ($3.28), Panama City ($3.28), Punta Gorda ($3.29)

Ways to Save on Gasoline

Combine errands to limit driving time.

Shop around for the best gas prices in your community.

Consider paying cash. Some retailers charge extra per gallon for customers who pay with a credit card.

Remove excess weight in your vehicle.

Drive conservatively. Aggressive acceleration and speeding reduce fuel economy.

Find Florida Gas Prices

Daily gas price averages can be found at Gasprices.aaa.com

State and metro averages can be found here

AAA GAS PRICE AVERAGES

(Price per gallon of regular unleaded gasoline)

Sunday Saturday Week Ago Month Ago One Year Ago Record High
National $3.385 $3.382 $3.319 $3.189 $2.163 $4.11 (7/17/2008)
Florida $3.312 $3.313 $3.179 $3.076 $2.084 $4.08 (7/17/2008)
Georgia $3.239 $3.235 $3.153 $2.991 $1.987 $4.16 (9/15/2008)
Click here to view current gasoline price averages

 

Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

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